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Habeeb
@nlanshi
Let's talk about candlesticks Candlesticks in crypto trading are visual representations of price movements for a specific cryptocurrency over a set time period (e.g., 1 minute, 1 hour, 1 day). They’re used in technical analysis to help traders understand market trends, price action, and potential reversals or continuations. Each candlestick provides four key pieces of information: the opening price, closing price, high, and low within the chosen timeframe. Anatomy of a Candlestick Body: The thick part of the candlestick, showing the difference between the opening and closing prices. - Green (or white) candlestick: The price closed higher than it opened (bullish). - Red (or black) candlestick: The price closed lower than it opened (bearish). Wicks (or shadows): Thin lines above and below the body, representing the highest and lowest prices during the period. Open: The price at the start of the time period. Close: The price at the end of the time period. High: The highest price reached during the period. Low: The lowest price reached during the period.
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Whezy
@whezy
We learn everyday. I've just learnt something new.
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